Blog posts tagged with 'platinum'

Gold retreats toward the midpoint of the range, weighed by trade optimism

OUTSIDE MARKET DEVELOPMENTS: President Trump adopted a more conciliatory tone after touring the Fed renovation with Chairman Powell, calling it a "great honor." In a TruthSocial post, he urged, "let’s just get it finished and, even more importantly, LOWER INTEREST RATES!"

Trump also seemed to back away from previous threats to fire Powell. “To do that is a big move, and I just don’t think it’s necessary,” Trump said.

“I think we had a very good meeting on interest rates. And [Powell] said to me ... very strongly, the country is doing well," Trump told reporters. “I think he’s going to start recommending lower rates,” Trump added.

The FOMC meets next week and is widely expected to remain on hold for a fifth consecutive meeting. The last rate cut was in December 2024.

There is expected to be some dovish dissent this time around, which could suggest mounting pressure for easing later in the year.  However, we may not get that clarity until the minutes are released later in August.

Overall risk appetite remains elevated in anticipation of more trade agreements before the August 1 deadline. If the White House can finalize deals with the EU, Canada, and Mexico, the rest will take care of itself. However, the EU is prepared to retaliate if an agreement is not achieved, which will lead to in-kind U.S. retaliation, according to Trump.

The border dispute between Thailand and Cambodia escalated on Friday with the combatants exchanging heavy artillery and rocket fire. The situation “could escalate into a state of war,” warned Thai Prime Minister Wechayachai. 

Durable Orders fell 9.3% in June, inside expectations of -10.0%, versus a revised +16.5% in May ( was +16.4%). Ex-trans rose 0.2%, versus +0.6% in May (was +0.5%). 

GOLD

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$8.39 (-0.24%)
5-Day Change: -$9.06 (-0.27%)
YTD Range: $2,607.16 - $3,495.89
52-Week Range: $2,358.18 - $3,495.89
Weighted Alpha: +38.08

Gold is under pressure for a third straight session as trade optimism continues to weigh on safe-haven interest. A two-day uptick in the dollar provides some additional pressure. The yellow metal appears poised for a second straight lower weekly close.



The yellow metal is trading just above the midpoint of the range and pressuring the lower limits of the triangle pattern. Selling interest emerged midweek from in front of the 16-Jun high at $3,449.13.

With this level intact, the record high at $3,500 remains protected. The $3,392.11/3,400.00 zone now provides an additional layer of intervening resistance.

Persistent dollar weakness suggests the downside is likely limited from here. It wouldn't be surprising to see the shorts take some profits ahead of today's close. I'm watching the 20-day ($3,345.70) and 50-day ($3,340.91) moving averages on a close basis.

More important support is noted at $3,311.71/51, where last week's low corresponds with the midpoint of the range. Below that, keep an eye on the 9-Jul low at $3,284.61 and the June low at $3,256.02.

The bull camp is may be slightly disheartened by this week's failure to sustain the push to five-week highs above $3,400. However, all we've really seen in the second half of the week is a confirmation that gold remains locked within the range that has dominated since the $3,127.12 corrective low was established on 15-May.

Gold is trading less than 5% off its all-time high, suggesting a level of market resilience.  The underlying uptrend is not in any immediate jeopardy, suggesting dips within the well-defined range will continue to be viewed as buying opportunities.


SILVER

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$0.329 (-0.84%)
5-Day Change: +$0.577 (+1.51%)
YTD Range: $28.565 - $39.517
52-Week Range: $26.524 - $39.517
Weighted Alpha: +42.09

Silver has dropped more than 2% today after the push to 14-year highs earlier in the week stalled shy of the $40 level. The white metal has fallen to new lows for the week and appears on track for a second straight lower weekly close. Copper's retreat from record highs and a slightly firmer dollar weigh.



Nearly 38.2% of the leg up from $35.369 to $39.517 has already been retraced. The next important chart point is last week's low at $37.557. This level is bolstered by the 20-day MA at $37.631 and the halfway back point of the aforementioned move at $37.443.

While the magnitude of the retreat from $39.517 is somewhat of a concern, losses thus far are less than 3.5%. Keep in mind that silver surged more than 4% in the first half of the week, suggesting that selling into the weekend is probably profit taking.

The underlying trend remains bullish. A rebound next week above $38.736/785 would return confidence to the bull trend and favor a true test of $40. Beyond the latter, the $41.610 Fibonacci level would be in play.


Peter A. Grant
Vice President, Senior Metals Strategist
Zaner Metals LLC
312-549-9986 Direct/Text
[email protected]
www.zanermetals.com

Non-Reliance and Risk Disclosure: The opinions expressed here are for general information purposes only and should not be construed as trade recommendations, nor a solicitation of an offer to buy or sell any precious metals product. The material presented is based on information that we consider reliable, but we do not represent that it is accurate, complete, and/or up-to-date, and it should not be relied on as such. Opinions expressed are current as of the time of posting and only represent the views of the author and not those of Zaner Metals LLC unless otherwise expressly noted.

Gold retreats into the range, weighed by trade optimism

OUTSIDE MARKET DEVELOPMENTS: The European Commission is suggesting that a trade agreement with the U.S. is likely ahead of the August 1 deadline. "Our focus is on finding a negotiated outcome with the U.S. ... We believe such an outcome is within reach," said an EU spokesperson.

Coming on the heels of yesterday's announcement of a trade deal with Japan, markets remain decisively in risk-on mode. The major U.S. indexes are trading at or near all-time highs, driven by optimism over trade, signs of a resilient U.S. economy, and generally favorable Q2 earnings reports.

On Wednesday, President Trump revealed his AI action plan for achieving U.S. global AI dominance, providing an additional boost to tech stocks. The key tenets of the plan include removing federal regulations that hinder AI, building AI data centers, and exporting U.S. AI globally. 

Trump is slated to visit the Fed today to inspect the $2.5 bln renovation of the Eccles building. I anticipate the real estate developer in chief will have much to say about the project. Along with Trump's recent pressure on Chairman Powell to lower interest rates, the visit is thought by many to be a serious infringement on the central bank's independence.

The ECB held steady on rates today, as was widely expected. "Domestic price pressures have continued to ease, with wages growing more slowly. Partly reflecting the Governing Council’s past interest rate cuts, the economy has so far proven resilient overall in a challenging global environment. At the same time, the environment remains exceptionally uncertain, especially because of trade disputes," according to the press release.

In her presser, ECB President Lagarde noted slightly better-than-expected growth and anchored inflation, but still sees two-way risks in both cases. This raises some questions about whether this is just another one-meeting pause or if a protracted hold has begun.

Israel and the U.S. have recalled their negotiating teams from Qatar. Hamas “shows a lack of desire to reach a ceasefire in Gaza,” said U.S. special envoy Steve Witkoff. “It is a shame that Hamas has acted in this selfish way. We are resolute in seeking an end to this conflict and a permanent peace in Gaza,” he added.

A longstanding border dispute between Thailand and Cambodia flared on Thursday, with each side firing on the other. The AP reported that Thailand also launched air strikes. At least 12 people were killed, mostly civilians.

Initial Jobless Claims fell 4k to a 14-week low of 217k in the week ended 19-Jul, below expectations of 230k, versus 221k in the previous week. Continuing claims rose 4k in the 12-Jul week to 1,955k from a revised 1,951k in the previous week (was 1,956k).

S&P Flash Manufacturing PMI unexpectedly dropped 3.4 points to 49.5 in July, below expectations of 52.6, versus 52.9 in June. It was the first print below 50 since December.

S&P Flash Services PMI rose 2.3 points to a seven-month high of 55.2 in July, above expectations of 53.0, versus 52.9 in June.

New Home Sales rose 0.6% to a 0.627M pace in June, below expectations of 0.650M, versus 0.623M in May.

Chicago Fed National Activity Index rose 0.06 points to -0.10 in June, versus -0.16 in May (was -0.28).


GOLD

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$23.54 (-0.69%)
5-Day Change: +$18.88 (+0.57%)
YTD Range: $2,607.16 - $3,495.89
52-Week Range: $2,354.48 - $3,495.89
Weighted Alpha: +39.00

Gold continues to be weighed by optimism about tariff developments and an uptick in the dollar. With safe-haven interest dimmed, the yellow metal has retreated to the midpoint of the range-within-the-range, putting the 20- and 50-day MAs back in play.



The rally earlier in the week looked pretty promising for the bull camp, but gains stalled ahead of the 16-Jun high at $3,449.13. A breach of this level was needed to clear the way for a retest of the record high at $3,500. Wednesday's high at $3,435.01 provides a good intervening barrier.

With the range intact, consolidative trading prevails. A beach of the 20- and 50-day moving averages at $3,343.15 and $3,338.43 would leave the midpoint of the broader range at $3,311.51 vulnerable to a retest.


SILVER

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$0.213 (-0.54%)
5-Day Change: +$0.728 (+1.91%)
YTD Range: $28.565 - $39.517
52-Week Range: $26.524 - $39.517
Weighted Alpha: +42.49

Silver is under modest pressure, weighed by the retreat in gold and an uptick in the dollar. The white metal continues to outperform, with the gold/silver ratio keeping pressure on the lows for the year around 86. Another record high in copper is helping to keep silver underpinned.

The 14-year high set yesterday at $39.517 provides an intervening barrier ahead of the long-standing $40 objective. An eventual move above $40 would clear the way for an upside extension to the $41.610 Fibonacci objective.

China's National Energy Administration reported that the country added 14.36 GW of solar capacity in June, an 85% drop from the record high 93 GW of capacity added in May, and 38% lower than a year ago. While that headline may be troubling for the bull camp, China added solar capacity in H1 was 212.21 GW, +107% versus the same period last year.

While silver dipped below $39.000 intraday, the move attracted some buying interest, keeping Tuesday's low at $38.736 protected. Additional supports are noted at $38.092/000 and last week's low at $37.557. The 20-day moving average corresponds closely with the latter.


Peter A. Grant
Vice President, Senior Metals Strategist
Zaner Metals LLC
312-549-9986 Direct/Text
[email protected]
www.zanermetals.com

Non-Reliance and Risk Disclosure: The opinions expressed here are for general information purposes only and should not be construed as trade recommendations, nor a solicitation of an offer to buy or sell any precious metals product. The material presented is based on information that we consider reliable, but we do not represent that it is accurate, complete, and/or up-to-date, and it should not be relied on as such. Opinions expressed are current as of the time of posting and only represent the views of the author and not those of Zaner Metals LLC unless otherwise expressly noted.

Good morning. The precious metals are lower in early U.S. trading.

U.S. calendar features Initial Jobless Claims, Chicago Fed National Activity Index, S&P Flash PMIs, New Home Sales.

Gold retreats as Japan trade deal boosts risk appetite

OUTSIDE MARKET DEVELOPMENTS: The White House has announced a trade agreement with Japan that lowers reciprocal tariffs from 25% to 15%. In exchange, Japanese markets will be opened to U.S. "Cars and Trucks, Rice and certain other Agricultural Products, and other things," according to a TruthSocial post from President Trump.

Japan will also invest $550 bln in the U.S. to support Japanese businesses, and “create Hundreds of Thousands of Jobs." The Japan deal overshadows trade deals inked with Indonesia and the Philippines.

Markets are celebrating the news with major U.S. indexes trading at or near record highs amid heightened risk appetite. Several key trade deals still need to be made, and time is growing short if you believe August 1 is a hard deadline.

While the market is displaying some level of optimism, at least the EU is preparing for failure. Meanwhile, talks with South Korea, India, Canada, and Mexico, among others, appear to have stalled. 

Copper surged to fresh record highs near $6 after Trump reiterated that 50% tariffs will take effect on August 1 and would include refined products. Bloomberg reports that a number of copper-laden ships are racing to U.S. ports to beat the deadline.

The Fed is expected to remain on hold when the FOMC meets next week. However, the prospect of dovish dissenters would stoke easing expectations for subsequent meetings and keep the dollar on the defensive.

MBA Mortgage Applications rose 0.8% in the 18-Jul week, versus -10.0% in the previous week. The 30-year mortgage rate edged up to 6.84% from 6.82% in the previous week.

Existing Home Sales fell 2.7% to a nine-month low pace of 3.930M in June, below expectations of 4.000M, versus a revised 4.040M in May (was 4.030). Near-record prices and high mortgage rates continue to weigh.


GOLD

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$8.39 (-0.24%)
5-Day Change: +$74.53 (+2.23%)
YTD Range: $2,607.16 - $3,495.89
52-Week Range: $2,354.48 - $3,495.89
Weighted Alpha: +42.68

Gold has retreated from the five-week high set in Asia $3,435.01, as news of a trade agreement between the U.S. and Japan sapped safe-haven interest. However, dollar weakness continues to provide some underpinning.



While resistance marked by the 16-Jun high at $3,449.13 remains untested, the technical bias remains to the upside. There is still plenty of trade uncertainty lingering as the August 1 deadline approaches, which should continue to provide support.

Prospects for dovish dissenters at next week's FOMC meeting are also supportive of gold, due to the bearish dollar implications. Fed funds futures are currently implying 45 bps in cuts by year-end.

A breach of $3,449.13 is needed to clear the way for a retest of $3,500. New record highs above the latter would bolster confidence in previously established objectives at $3,596.20 (Fibonacci) and $4,000.00 (psychological).

The retreat below $3,400 is somewhat troubling, but yesterday's low at $3,383.95 remains protected thus far. If this level gives way, an outside day would be confirmed, shifting focus to Monday's low at $3,346.01, which is bolstered by the 20- and 50-day moving averages.


SILVER

OVERNIGHT CHANGE THROUGH 6:00 AM CT: +$0.063 (+0.16%)
5-Day Change: +$1.528 (+4.03%)
YTD Range: $28.565 - $39.445
52-Week Range: $26.524 - $39.445
Weighted Alpha: +45.45

Silver extended to a new 14-year high of $39.517, within 50¢ of the $40 objective. The white metal is being buoyed by fresh record highs in copper, firm gold, and a weaker dollar.



A short-term move above $40 would highlight the $41.610 Fibonacci objective.  Above that, the scenario that calls for an eventual challenge of all-time highs around $50 would gain considerable credence.

While silver has eased from the highs, setbacks are likely to attract buying interest. The $39.156/000 zone marks first support. Yesterday's low at $38.736 stands in front of more formidable support at $38.092/000 and last week's low at $37.557. The 20-day moving average bolsters the latter.


Peter A. Grant
Vice President, Senior Metals Strategist
Zaner Metals LLC
312-549-9986 Direct/Text
[email protected]
www.zanermetals.com

Non-Reliance and Risk Disclosure: The opinions expressed here are for general information purposes only and should not be construed as trade recommendations, nor a solicitation of an offer to buy or sell any precious metals product. The material presented is based on information that we consider reliable, but we do not represent that it is accurate, complete, and/or up-to-date, and it should not be relied on as such. Opinions expressed are current as of the time of posting and only represent the views of the author and not those of Zaner Metals LLC unless otherwise expressly noted.

Gold firms to 5-week highs, bolstered by risk aversion, lower yields, and a retreat in the dollar

OUTSIDE MARKET DEVELOPMENTS: Market sentiment has tilted toward risk-off as some companies are acknowledging that tariffs negatively impacted Q2 earnings. For example, GM said tariffs "sapped $1.1 billion from the results." While Q2 earnings have been generally favorable thus far, there are worries that the tariff impact will be amplified in Q3.

The Trump Administration remains optimistic that trade deals will be cut before steep tariffs kick in next month.  "The next two weeks are going to be weeks for the record books. President Trump is going to deliver for the American people," Commerce Secretary Howard Lutnick told Face the Nation on Sunday.

The EU is said to be preparing retaliatory measures ahead of the looming trade deal deadline. President Trump has already said that retaliation would be met by in-kind tariff increases. The block is also reportedly considering deploying “anti-coercion” measures, which would be a substantial escalation toward a trade war.

Tensions between the White House and the Federal Reserve ratcheted higher after a Trump ally in Congress accused Fed Chair Powell of lying to Congress about the Eccles Building renovation and requested a criminal referral from the Justice Department. Treasury Secretary Bessent subsequently called for an investigation into the “entire Federal Reserve Institution,” but doesn't see a reason for Powell to "step down right now."

Uncertainty about the implications of such investigations is weighing on the dollar. The dollar index has been under pressure since setting a three-week high on Thursday. Nearly 61.8% of the recent corrective gains have been retraced, and the move back below the 20-day MA returns credence to the dominant downtrend.

Policy expectations, however, remain fairly static. Fed funds futures currently imply 46 bps in cuts by year-end with the first 25 bps cut likely to occur in October.

The FOMC is widely expected to hold steady when they announce policy next week. Fed Governor Waller has pledged to dissent when that happens. The trade is hoping to get some clarity on when the easing campaign will resume, but I suspect the policy statement will be 

Ukrainian President Zelensky confirmed that a new round of peace talks with Russia will resume in Istanbul on Wednesday. Moscow isn't hopeful about progress toward a peace deal and launched fresh drone attacks against Ukraine overnight.

Richmond Fed Index fell 12 points to a 10-week low of -20 in July, below expectations of -3, versus a revised -8 in June (was -7). 


GOLD

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$10.34 (-0.30%)
5-Day Change: +$71.99 (+2.16%)
YTD Range: $2,607.16 - $3,495.89
52-Week Range: $2,354.48 - $3,495.89
Weighted Alpha: +41.28

Gold has moved decisively back above $3,400, boosted by heightened haven demand, lower yields, and a weaker dollar. The yellow metal has reached five-week highs and pressured resistance marked by the $3,449.13 high (16-Jun).

 

The move constitutes an upside breakout of the symmetrical triangle formation. A breach of $3,449.13 would bode well for a retest of the record high around $3,500. A measuring objective off the breakout suggests potential to $3,778.44. Existing upside targets are at $3,596.20 and $4,000.00.

The World Gold Council read recent price action similarly. They concluded that the "range continues to look mature, and we may be close to this being resolved higher for the completion of a “triangle” continuation pattern."  The WGC went on to note that "tariff impacts are slowly appearing in inflation data and investors are starting to price this in further down the curve."

Bucking my expectations, global ETFs saw net inflows of 6.6 tonnes last week. European investors accounted for most of that, but even North American investors added 1.3 tonnes, despite the consolidative market.

The COT report showed net speculative long positions in gold futures rose 10.1k contracts to a 15-week high of 213.1k. It was the third consecutive weekly rise in net spec long positioning.

CFTC Gold speculative net positions

The $3,400 zone now marks first support and protects today's overseas low at $3,383.95. More important support is defined by Monday's low at $3,346.01, which is bolstered by the 20- and 50-day moving averages.


SILVER

OVERNIGHT CHANGE THROUGH 6:00 AM CT: -$0.089 (-0.23%)
5-Day Change: +$1.237 (+3.28%)
YTD Range: $28.565 - $39.119
52-Week Range: $26.524 - $39.119
Weighted Alpha: +42.92

Silver is extending its rally, driven by rising trade tensions, higher copper, lower yields, and a retreat in the dollar. The white metal has exceeded the 14-Jul high at $39.119, establishing fresh 14-year highs.



The latest round of gains bodes well for attainment of the $40 objective. Beyond that, The Fibonacci objective at $41.610 would be in play.

Former highs at $39.119/049 protect today's overseas low at $38.736. Better support at $38.092/000 should keep last week's low at $37.557 at bay. The 20-day moving average should rise to bolster the latter by the end of this week.


Peter A. Grant
Vice President, Senior Metals Strategist
Zaner Metals LLC
312-549-9986 Direct/Text
[email protected]
www.zanermetals.com

Non-Reliance and Risk Disclosure: The opinions expressed here are for general information purposes only and should not be construed as trade recommendations, nor a solicitation of an offer to buy or sell any precious metals product. The material presented is based on information that we consider reliable, but we do not represent that it is accurate, complete, and/or up-to-date, and it should not be relied on as such. Opinions expressed are current as of the time of posting and only represent the views of the author and not those of Zaner Metals LLC unless otherwise expressly noted.

Gold spent the week within the range, silver firms, but still appears poised for a lower weekly close

OUTSIDE MARKET DEVELOPMENTS: Market attention this week continued to be focused on tariff developments and geopolitical risks. However, economic and earnings data reveal a resilient U.S. economy with inflation in check, keeping market sentiment tilted toward risk-on.

On the heels of yesterday's retail sales beat for June, the preliminary read on consumer sentiment in July reached a five-month high of 61.8. Five-year inflation expectations hit a five-month low of 3.6% as tariff worries continue to moderate.

Estimates for Q2 GDP are mostly above 2%. The Atlanta Fed's GDP model currently projects 2.4%. However, some economists believe the massive Q1 net export subtraction associated with tariff front-running was reversed out in Q2, resulting in growth north of 4%. The BEA announces the Q2 advance report on July 30.

Fed Governor Waller continues to advocate for a July rate cut, although the market puts the prospect at just 4.7%. Waller was appointed by President Trump late in Trump's first term and is in the mix as a potential replacement for Jerome Powell as chair.

The market still sees October's FOMC meeting as the most likely timing for resumption of Fed easing. However, a 4% advance Q2 GDP print in a couple of weeks could certainly take September and October rate cuts off the table ... perhaps December too.

Housing Starts rose 0.058M to a 1.321M pace in June, above expectations of 1.300M, versus a revised 1.263M in May (was 1.256M). Permits rose to 1.397M from 1.394M. Completions fell to 1.314M from 1.540M.

Michigan Sentiment (Prelim) rose 1.1 points to a five-month high of 61.8 in July, above expectations of 61.5, versus 60.7 in June.


GOLD

OVERNIGHT CHANGE THROUGH 6:00 AM CT: +$12.00 (+0.36%)
5-Day Change: +$2.12 (+0.06%)
YTD Range: $2,607.16 - $3,495.89
52-Week Range: $2,354.48 - $3,495.89
Weighted Alpha: +39.15

Gold heads into the weekend on an upbeat note, with help from a setback in the dollar. However, the yellow metal remains well contained within the narrowing range, and a close below $3,355.86 would notch the first lower weekly close in three.



The yellow metal is above the $3,311.51 midpoint of the broader range, and near the midpoint of the range-within-the-range at $3,352.57. Probes below the 20- and 50-day moving averages this week have attracted buying interest, preventing a retreat below $3,300.

More important supports are well defined at $3,284.61 (9-Jul low) and $3,256.02 (30-Jun low). The 100-day MA is at $3,231.98 and should rise to bolster the latter next week. The rising 20-week MA is at $3,238.19 and moving into this area, further fortifying the downside.

I still see risk for another run at the downside. I noted earlier in the week that gold ETF inflows slowed significantly last week as prices stagnated. As that stagnation continues, there may have been outflows this week as investors redeployed capital to more productive assets.

While gold has consolidated since mid-May, it's only about 5% off the record high set in April. Gold is less than 3% off its record high against the Indian rupee, which continues to weigh on jewelry demand.

Indian gold imports fell 40% YoY in June to a more than two-year low of 21 tonnes. India's gold imports in the first half of 2025 were also down 30% year-on-year at 204.1 tonnes, the lowest since H1'20, during the pandemic.

A breach of Monday's high at $3,374.11 is needed to mitigate the downside risk and clear the way for renewed tests above $3,400. Such a move would favor a retest of the 16-Jun high at $3,449.14. Above that, the record high at $3,500 would be back in play.

SILVER

OVERNIGHT CHANGE THROUGH 6:00 AM CT: +$0.193 (+0.51%)
5-Day Change: -$0.117 (-0.30%)
YTD Range: $28.565 - $39.119
52-Week Range: $26.524 - $39.119
Weighted Alpha: +35.99

Silver is trading higher for a third straight session but still appears on track for its first lower weekly close in three after Monday's rejection from above $39. Signs this week of a robust economy have sparked a bid in the industrial metals, with copper reaching a new high for the week. A softer dollar is helping the cause.



While Indian gold imports have fallen significantly due to record-high prices, Indian investors have taken a shine to silver. Imports nearly doubled to 197 tonnes in June from 109 tonnes a year ago. While that's off from the 544 tonnes imported in May, the overall trend appears positive.

Just over 50% of the decline from Monday's 14-year high at $39.119 has been retraced, bolstering confidence in the bullish scenario that calls for additional gains to $40 and $41.610. An eventual penetration of the latter would put the all-time highs around $50 in play.

On the downside, $38.092/000 marks first support. Wednesday's low at $37.557 is the more important level to watch in the week ahead. 


Peter A. Grant
Vice President, Senior Metals Strategist
Zaner Metals LLC
312-549-9986 Direct/Text
[email protected]
www.zanermetals.com

Non-Reliance and Risk Disclosure: The opinions expressed here are for general information purposes only and should not be construed as trade recommendations, nor a solicitation of an offer to buy or sell any precious metals product. The material presented is based on information that we consider reliable, but we do not represent that it is accurate, complete, and/or up-to-date, and it should not be relied on as such. Opinions expressed are current as of the time of posting and only represent the views of the author and not those of Zaner Metals LLC unless otherwise expressly noted.